Overview
- Q4 deliveries reached 5,345, topping the 5,070 consensus, while production totaled 8,412.
- Full-year totals were 15,841 vehicles delivered and 18,378 produced, meeting the about-18,000 output goal after guidance cuts.
- Production more than doubled quarter over quarter as deliveries rose 31%, highlighting difficulty converting output into sales.
- Lucid launched the $79,900 Gravity Touring and offered discounts on Air sedans to broaden its customer base.
- The company will report detailed fourth-quarter financials on February 24 after markets close, and leadership says prior supply constraints are resolved.